Gallium Market Global Report 2026

The gallium market size has grown exponentially in recent years. It will grow from $2.88 billion in 2025 to $3.52 billion in 2026 at a compound annual growth rate (CAGR) of 22.1%. The growth during the historic period can be attributed to rising demand for consumer electronics, increasing automotive electrification, expanding defense and aerospace applications, growing adoption in IC and power electronics, and technological advancements in LED and laser devices.

The gallium market size is expected to see exponential growth in the next few years. It will grow to $7.98 billion in 2030 at a compound annual growth rate (CAGR) of 22.7%. The growth during the forecast period can be attributed to the expansion of 5G and telecommunications infrastructure, increasing adoption in renewable energy and power conversion, growing use in electric vehicle applications, rising demand for industrial automation and robotics, and innovations in high-efficiency GaN semiconductor devices. Key trends during the forecast period include the adoption of gallium nitride (GaN) devices in electronics, increasing use of opto-semiconductors for LED and laser applications, greater integration of power semiconductors in automotive and industrial systems, expansion of GaN-based transistors and integrated circuits, and growing demand for high-performance GaN modules in communication and power systems.

The rise in the adoption of 5G infrastructure is expected to propel the growth of the gallium market going forward. 5G infrastructure includes the hardware and technologies needed to support fifth-generation mobile networks, offering faster data speeds, lower latency, and connectivity for a large number of devices simultaneously. The deployment of 5G networks requires highly efficient and powerful amplifiers, and gallium-based materials are extensively used in the production of radio frequency (RF) power amplifiers. These amplifiers strengthen signals and facilitate transmission over long distances, making them essential for 5G networks. For instance, in September 2023, according to 5G Americas, a US-based industry trade organization, North America's 5G penetration rate reached 40%, with a growth rate of 25.5% during the first half of 2023. Furthermore, North America's 5G connections are projected to reach 669 million by 2028. Therefore, the increasing adoption of 5G infrastructure is driving the growth of the gallium market going forward.

Major companies operating in the gallium market are concentrating on developing advanced product solutions, such as gallium nitride (GaN) control integrated circuits, to strengthen their market position. A gallium nitride (GaN) power integrated circuit (IC) combines multiple power electronics functions into a single GaN chip, improving speed, efficiency, reliability, and cost-effectiveness. For instance, in March 2023, Navitas Semiconductor Corporation, a US-based power-semiconductor company, launched GaNSense Control ICs, a series of gallium nitride (GaN) control integrated circuits designed to deliver enhanced performance for rapid chargers, consumer appliances, and server and data center power supplies. The ICs are specifically designed to provide significant advantages over conventional high-voltage silicon (Si) processors by delivering greater performance in a smaller package. According to the company, gallium nitride (GaN) can operate up to 20 times faster and provide three times the charging capacity in half the size and weight.

In May 2025, Rio Tinto Limited, an Australia-based provider of diversified mining and metals products, entered into a collaboration with Indium Corporation for the extraction and potential commercial production of gallium. Through this collaboration, Rio Tinto aims to strengthen the North American gallium supply chain and scale production to meet increasing industrial demand amid China’s export restrictions. Indium Corporation is a US-based provider of specialty metals and materials serving the electronics, semiconductor, and industrial sectors.

Major companies operating in the gallium market are Aluminium Corporation of China Ltd, China Minmetals Corporation, CMOC Group Limited, DOWA Holdings Co. Ltd, Nippon Rare Metal Inc, Nanjing Jinmei Gallium Co. Ltd, Zhuzhou Smelter Group Co. Ltd, Guizhou Kailin Group Co. Ltd, Yunnan Aluminium Co. Ltd, Henan Shenhuo Coal & Power Co. Ltd, Shandong Weiqiao Pioneering Group Co. Ltd, Xinfa Group Co. Ltd, Hunan Zhongke Electric Co. Ltd, Japan Energy Corporation, Mitsui Mining & Smelting Co. Ltd, Korea Zinc Company Ltd, Teck Resources Limited, Boliden AB, Nyrstar NV, Vedanta Limited.

North America was the largest region in the gallium market in 2025. The regions covered in the gallium market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the gallium market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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